Element Production Studios UK Limited (12553780): administration
- Status
- Administration ended
- Administration began
- 2021-07-09
- Administrators
- James Miller, Lee Van Lockwood
- Administrators' firm
- RSM
- Formerly
- Clarinova London Limited
- Incorporated
- 2020-04-09
- Location
- Leeds
- Industry
- 59113 Television programme production activities
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Relevant extracts from the company’s management accounts are summarised below.
Period ended 4 months from Sept | 4 months from Jan 2020 to Dec 2020 (£) | 2021 to Apr 2021
Turnover 35,902 Gross profit/(loss) 1,958 19,247 EBITDA (561,050) (464,241) Net profit/(loss) (636,082) (701,843) Dividend paid Nil Nil
Administrators' statement of proposals (2021-07-27) · Companies House register